But in today’s show my guest, Nate Dallas, shares how your ideas DO have value — if you can get them in the right hands.

He and his brother earned $300,000 in passive income by licensing one of their ideas to Mattel. They didn’t have to design it, produce it, or sell it. But they found someone who could, and they cashed the checks.

And to be fair, Nate will be the first to tell you these kind of results aren’t typical — but he’s proof they ARE possible.

Nate’s actually a dentist by day, but a pretty serious side hustler by night, and on this call we take a deep dive into the world of product licensing.

It’s the perfect side hustle for people who are constantly coming up with ideas but not knowing what exactly to do next. Don’t worry about the next step! Let someone else deal with it — but do it in such a way that you get paid for your creativity.

This episode really hit home with me and is perfect timing! I think have the same condition as both Nate and Nick and cant just lay on the beach all day without being a little bit productive with something. I have a product idea that i think could be at least work 6 figures and I was getting pulled in so many different directions on next steps. After hearing Nate talk about the prototype process, I have a clear path! Thanks a million!

Amazing podcast as always! I’m really interested in finding a licensing agency to start working with. My prototype has been made for sometime, I use it myself, and I’ve been searching for way to see it in a market. This podcast just unscattered my brain! How do you go about looking for licensing agencies?

Well it sounds like Nate was referred by the actual company he intended to pitch, but barring that, I’d probably just turn to Google to see if there are any who specialize in the niche/industry you’re targeting.